Question
B. Calculate total amount of combined cost incurred in 2017, 2016 and 2015 for raw material, direct labor and manufacturing overhead. (show formulas and work)
B. Calculate total amount of combined cost incurred in 2017, 2016 and 2015 for raw material, direct labor and manufacturing overhead. (show formulas and work)
2014 has ending inventory amount.
2017:
Raw Materials Inventory=377
work in process inventory=0
Finished goods inventory=525
Total inventory=902
Cost of goods sold=4,831
2016:
Raw Materials Inventory=391
Work in Process inventory=0
Finished Goods Inventory= 549
Total Inventory=940
Cost of goods sold=5,181
2015:
Raw Materials Inventory=427
Work in Process Inventory=0
Finished Goods Inventory=566
Total Inventory=993
Cost of Goods sold=5,300
2014:
Raw Material Inventory=399
Work in process inventory=0
Finished Goods Inventory=617
Total Inventory= 1,016
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